Legislative panel reviews 2026 retirement fund budget

The Legislative Assembly’s Second Standing Committee continued reviewing the 2026 retirement fund budget, examining operations and finances. Chairman Ip Sio Kai said next year’s revenue is projected at MOP3.22 billion, with expenses of MOP3.35 billion, leaving a deficit of MOP132 million. Revenue sources include gaming taxes, subsidies, and welfare grants, with gaming contributions at MOP1.23 billion. With fewer contributors and rising retirements, the fund faces long-term pressure, said Ip. Authorities are exploring fiscal solutions to ensure the retirement system remains sustainable.